Hope Place Housing Corporation

Analysis

Hope Place Housing Corporation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Place Housing Corporation reported income of $458k and spending of $1.2m, spending 258% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $458k (+16%), an average of +3.7% a year. Over the whole period it spent 272% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Place Housing Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Chestnut Campus Inc ($458k), Habitat for Humanity International Inc ($458k) and Jaycee Villa Housing Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 64% of the total. Other salaries and wages came to $46k. At year end it held assets of $5.5m against liabilities of $10.1m, net assets of -$4.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.